Madras High Court
CRL RC/1195/2024 of P.SIVASUBRAMANI Vs M/S.RATNALAKSHMI SPINNING MILLS PRIVATE LTD. on 23 September 2026
CRL RC No. 1195 of 2024
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 23-09-2026
CORAM
THE HON'BLE MR.JUSTICE SUNDER MOHAN
CRL RC No. 1195 of 2024
CNR: {HCMA010941702024}
P.Sivasubramani
..Petitioner(s)
Vs
M/s.Ratnalakshmi Spinning Mills Private Ltd., 75 Power House Road, Erode-1, Represented by its Director Krishnaswamy, S/o.Perumal.
..Respondent(s)
Prayer: The Criminal Revision Petition is filed under Section 397 r/w 401 of Cr.P.C., to call for the records, resulting in the Judgment of First Additional District and Sessions Judge, Erode dated 27.03.2024 in Criminal Appeal No.141/2018 confirming the Judgment of the Judicial Magistrate (Fast Track)
Court No.1, Erode dated 05.04.2018 in STC No.393/2017 convicting the appellant/accused and set aside the same and acquit the petitioner.
For Petitioner(s):
Mr.J.Antony Jesus
For Respondent(s):
sole respondent-served
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ORDER
The petitioner has preferred the above revision challenging the judgment passed by the learned First Additional District and Sessions Judge, Erode, in C.A.No.141 of 2018 dated 27.03.2024; confirming the judgment of the learned Magistrate convicting the petitioner for the offence under Section 138 of the
CRL RC No. 1195 of 2024
Negotiable Instruments Act, and sentenced him to undergo six months Simple Imprisonment and to pay a sum of Rs.3,00,000/- as compensation to the respondent, in default, to undergo one month simple imprisonment.
2. Pending the Revision, the parties were have entered into a compromise have filed the joint memo of compromise entered into between them.
3. As per the joint memo of compromise, the respondent has agreed to receive Rs.2,40,000/- (Rupees Two Lakhs and Forty Thousand only) in full and final settlement of all his claims. It is also stated that the respondent has already received the said amount of Rs.2,40,000/-.
4. Both the parties appeared through video conferencing and confirmed the said fact.
5. The joint memo of compromise is taken on record and shall be treated as a part and parcel of this order.
6. In view of the Settlement Agreement and considering the nature of the offence, this Court permits the parties to compound the offence. Accordingly, the judgment of conviction passed by the learned First Additional District and Sessions Judge, Erode, in C.A.No.141 of 2018 dated 27.03.2024, confirming
CRL RC No. 1195 of 2024
the judgment of conviction and sentence dated 05.04.2018 passed by the learned Judicial Magistrate (Fast Track) Court No.1, Erode, in S.T.C.No.393 of 2017, are hereby set aside. The Criminal Revision Case is allowed in terms of the above joint memo of compromise and the petitioner is acquitted of the offence under Section 138 of the Negotiable Instruments Act. The fine amount, if any, paid by the petitioner shall be refunded. The bail bond, if any, executed shall stand discharged. 23-09-2026 Index: Yes/No Speaking/Non-speaking order Neutral Citation: Yes/No TSG To
1. The First Additional District and Sessions Judge, Erode.
2. The Judicial Magistrate (Fast Track) Court No.1, Erode.
CRL RC No. 1195 of 2024
SUNDER MOHAN, J. TSG CRL RC No. 1195 of 2024 23-09-2026